Ann: Trading Halt, page-14

looky here..............

You will have a lot more confidence with these latest stories, more closures in China as they are sticking to their policies of cleaning up pollution...........

"China’s Dashiqiao magnesia hub closes companies that fail to meet environmental standards"

By Carrie Shi
Published: Wednesday, 05 September 2018

Local authorities in Dashiqiao city, in China’s Liaoning province, have introduced stricter regulations on local companies to make them comply with Beijing’s environmental targets, and have already closed several producers that did not meet the new standards.
The Bureau for Environmental Protection of Dashiqiao set out the new rules on August 31, with the intention of improving the quality of the local environment, in line with the central government’s targets.
The authority has since started new inspections of local companies, and has closed a number of companies that failed to reach the environmental standard now required.
Dashiqiao said that so far 87 companies in various sectors have been closed, which has been achieved by cutting off their power supplies.
Because Dashiqiao is the country’s second production hub for magnesia minerals after Haicheng, especially for fused magnesia, the new regulations are bound to affect local magnesia output.


BUT LOOK HERE also.................India is screaming for more magnesite>

India is currently dependent on China for import of key refractory products. The
latter are a critical input in all high-temperature processes like making
metals, glass and ceramics, production of cement and petrochemicals. Imports
include, graphite, fused and calcined alumina and high-grade clays from China in
addition to magnesite, a critical input for refractory bricks.

However the recent crackdown on polluting units in China has disrupted raw material inflow
into India. This has led to questions on the refractory industry’s ability to continue its
supply commitments to key industries including steel.

The domestic steel industry has set a target of 300
million tonne and a small disruption in supply of refractory material could
upset the steel industry ‘s growth momentum and affect infrastructure growth.



Read more at:
//economictimes.indiatimes.com/articleshow/65609649.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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